Thursday, 11 January 2018

KBH - building higher

Whilst the main market settled broadly higher, there was very powerful upside in KB Home (KBH) which settled +12.3% at $38.58, the highest level since June 2007. Its technically open air to next big resistance of $45, which is very viable by early summer.

KBH monthly

KBH daily


Earnings were good, if not arguably 'superb'. KBH is a prime example of underlying and accelerating US economic growth.

Bullish to at least $45, and frankly, secondary target of 62/67 looks very probable, but clearly far more viable in 2019.